You are here: Home - Household Bills - News -

Brits spend £2bn on unwanted Christmas presents

0
Written by: Paloma Kubiak
09/12/2019
Brits spend nearly £60 on presents they know their loved ones won’t appreciate, according to a charity.

Fear of looking stingy drives Brits to spend an average £51.95 on presents they know the recipient won’t like, pushing the total for the nation to £2.6bn.

However, one in five estimates they spend £100 or more on such gifts and 43% said they would be worried about looking stingy if they spent less money.

Almost a quarter (23%) of Brits surveyed admitted they always or often receive Christmas gifts that they will never use and 51% wish they could agree with their family and friends to spend less on Christmas presents.

The research by Macmillan Cancer Support revealed that instead of buying unwanted gifts, one in four would prefer a donation is made to charity.

Rachel Murphy, fundraising marketing manager at Macmillan, said: “It’s heartwarming so many people would prefer to have a donation made to charity. Christmas can be a particularly difficult time of year for people living with cancer and their loved ones, and every donation Macmillan Cancer Support receives means we can continue to be there to support the three million people currently affected by cancer in the UK, enabling them to live life as fully as they can.”

Murphy added that a donation of £30 could pay for one Macmillan nurse for an hour, providing families with medical, practical and emotional support.

To donate, visit macmillan.org.uk/christmas2019.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Autumn Statement: Everything you need to know at a glance

Yesterday Chancellor Jeremy Hunt made his first fiscal statement in the role, outlining a range of tax measure...

End of Help to Buy: 10 alternatives for first-time buyers

The deadline for Help to Buy Equity Loan applications passed on 31 October. If you’re a first-time buyer who...

Moving to an energy prepayment meter: Everything you need to know

As households struggle with the soaring cost of energy, tens of thousands of billpayers are expected to move o...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week